INDUSTRY INSIGHTS YOUR PEERS ARE READING
Here are the major insurance issues to consider to avoid financial setbacks, as well as damage to professional and personal relationships MORE
General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program. MORE
Never can a stroke, cancer or a heart attack be anything but bad news. But hallelujah! Survive for five years and your life expectancy statistically is probably (wish “probably” was not necessary) the same as the general population of Americans MORE
How does integrated project insurance differ from integrated project delivery? How does Integrated Project Insurance differ from Integrated Project Delivery? The same is true of insurance products available to integrated teams. MORE
Fewer insurance carriers are willing to extend endorsements to additional insureds on construction contracts, according to Marsh’s Annual US Insurance Market Report. Finance General News Industry Managing construction insurance forecasts MORE
According to a recent Press Release from Marsh , a leader in insurance broking and risk management, construction firms across the U.S. Insurance rates have been declining for close to a decade, but rates are forecasted to increase between 8 and 10 percent. MORE
Yet, even as equipment has become safer, highway fatalities are increasing at an alarming rate, and insurance companies have targeted distracted driving from cell phone use as a contributing factor MORE
Tips on how to make sure your business and its equipment have the proper insurance coverages, without paying unnecessarily high premiums or putting yourself at risk MORE
The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits MORE
Content Specialist At Custom Contractors Insurance. As a matter of fact, contractors probably face more risks compared to regular employees, and they will always need construction contractors insurance to protect themselves. Today's Guest Article Is From Rachel Porter. MORE
Contractors and engineers that are using drones soon may be able to buy standardized insurance coverage from a greater number of insurers. Business Management MORE
Recent announcements include autonomous drone thermal imaging from 3DR's Site Scan, industry-tailored cyber insurance from Willis Towers Watson and an automated supply chain tracking system from Command Alkon MORE
One attorney estimates the total settlements for death and injury could top $90 million MORE
Many of those challenges, even the insurance conundrums raised in this post, can be addressed through integrated agreement. Here, I want to highlight the need for a new generation of integrated insurance products designed to protect integrated team members. A new insurance product is needed. Currently integrated team members are insured under separate policies, and there are no insurance products available on the US market that fit the needs of an integrated team. MORE
Fines totalling more than £150,000 handed down over use of private detectives to illegally obtain private banking records An insurance firm and two senior figures connected with the company have been given record fines for using private detectives to illegally obtain the private banking records of a businessman they were investigating. Data protection Data and computer security Technology Insurance industry Information commissioner Business UK news MORE
One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage. MORE
Contractors who have equipment, property and unfinished work need to report any flood, wind or wind driven rain damage to your general liability insurer in a timely fashion so that you may collect reimbursement for damages sustained from this storm. Your insurer will assign a claims specialist to assess the damage and this person is who you will work with to obtain reimbursement. Remember to consult with an attorney or your insurance agent when reviewing the terms of your policy. MORE
Construction companies — along with their workers and insurance companies — see the potential for safety improvements through wearables but still yearn for more evidence of returns on investment MORE
In addition to lawsuits filed by private citizens, claims filed by federal, state and city regulators are causing more businesses to purchase Employment Practices Liability Insurance (EPLI MORE
There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co. Motorists Mutual Insurance Co. , MORE
More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. Business Matters Damages Insurance MORE
Many of the uninsured are independent contractors who are not entitled to benefits including health coverage MORE
The big take away from all of these services is that the right commercial facility maintenance can serve as the best insurance policy and save you thousands in facility maintenance costs. Being a national commercial construction general contractor can be an immensely rewarding profession. MORE
With the start of a new year, the construction insurance market is showing signs of ambivalence from most insurers. Insurance underwriters will likely focus on keeping existing clients happy (through pricing flexibility, broad coverages and service commitments), while simultaneously trying to grow business. MORE
Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. , The subcontract also required the subcontractor to include the contractor as an “Additional Insured” on its policy. MORE
Insurance has become a mechanism for managing the risk of unanticipated costs incurred to clean up a property that an owner may have acquired not knowing it was contaminated or that may later become contaminated from migration of toxics onto the property. MORE
Louis made a presentation titled "BIM Claims and Insurance Coverage: A Survey of Recent Developments" at the BIM Forum in Arizona. Welcome to the Collaborative Revolution! Gregg Bundschuh's with Ames & Gough out of St. Approximately 30 claims have arisen from BIM utilization to date according to the Ames Grough presentation. The claims fall into 6 categories and most related to delay and cost overruns. For more information visit the BIM Forum Blog and read the complete post. MORE
If BIM is the New Standard of Care what the HE double sticks are the insurance companies doing? Insurance companies and their lawyers are inherently risk averse and want nothing to do with anything new. If the built industry wants new and better insurance products YOU need to speak up! MORE
Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware. MORE
Drones are well suited for applications in construction, agriculture, energy, wireless communications, insurance, search and rescue, law enforcement, firefighting, real estate, photography and film MORE
Like many businesses, the insurance industry is cyclical in nature. The insurance cycle is important to business owners because it directly impacts insurance premiums. MORE
Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. The main reason being is due to the exorbitant price of this insurance on contractors. MORE
Fewer insurance carriers are willing to extend endorsements to additional insureds on construction contracts, according to Marsh’s Annual US Insurance Market Report. ” Very often, insurers are negotiating [.] MORE
The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits MORE
Why you should work with an insurance broker who understands & takes steps to protect every aspect of your business operations. MORE
I was recently speaking with a client about the posture of a pending case and the client was surprised to know that nearly all of the insurance companies that were originally brought into the suit had whittled their way out due to policy limitations, lack of coverage and policy exclusions. MORE
A Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) flood plain management report says current model building codes, such as the International Codes (I-Codes), have flood provisions that are consistent with NFIP requirements for buildings and structures. MORE
Insurance Related Topics Collaborative Construction
APRIL 14, 2017
How does integrated project insurance differ from integrated project delivery? How does Integrated Project Insurance differ from Integrated Project Delivery? The same is true of insurance products available to integrated teams.
Construction Dive
FEBRUARY 22, 2018
Here are the major insurance issues to consider to avoid financial setbacks, as well as damage to professional and personal relationships
Construction Business Owner
AUGUST 16, 2018
Twenty years ago, no one had heard of cyber insurance, and a hacker was someone with a cough. As recently as 10 years ago, many people still did not know how exposed they were to clandestine attacks on their data
Construction Business Owner
OCTOBER 30, 2015
Drones are well suited for applications in construction, agriculture, energy, wireless communications, insurance, search and rescue, law enforcement, firefighting, real estate, photography and film
Construction Dive
AUGUST 29, 2018
Construction companies — along with their workers and insurance companies — see the potential for safety improvements through wearables but still yearn for more evidence of returns on investment
Construction Law Monitor
SEPTEMBER 17, 2012
According to a recent Press Release from Marsh , a leader in insurance broking and risk management, construction firms across the U.S. Insurance rates have been declining for close to a decade, but rates are forecasted to increase between 8 and 10 percent.
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Construction Business Owner
JUNE 18, 2018
Why you should work with an insurance broker who understands & takes steps to protect every aspect of your business operations.
Construction Dive
AUGUST 2, 2018
Originally slated to cost $93 million, insurance costs for the East Side Access tunnel have ballooned to $584 million
Best Practices Construction Law
FEBRUARY 21, 2018
Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. , The subcontract also required the subcontractor to include the contractor as an “Additional Insured” on its policy.
Green Building Law Update
FEBRUARY 12, 2014
Insurance has become a mechanism for managing the risk of unanticipated costs incurred to clean up a property that an owner may have acquired not knowing it was contaminated or that may later become contaminated from migration of toxics onto the property.
Construction Business Owner
OCTOBER 14, 2015
General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.
|
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Construction Law Monitor
DECEMBER 27, 2012
Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. The main reason being is due to the exorbitant price of this insurance on contractors.
Green Industry Professionals
JANUARY 5, 2018
Fines totalling more than £150,000 handed down over use of private detectives to illegally obtain private banking records An insurance firm and two senior figures connected with the company have been given record fines for using private detectives to illegally obtain the private banking records of a businessman they were investigating. Data protection Data and computer security Technology Insurance industry Information commissioner Business UK news
Construction Business Owner
JUNE 21, 2016
One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage.
Collaborative Construction
SEPTEMBER 5, 2013
If BIM is the New Standard of Care what the HE double sticks are the insurance companies doing? Insurance companies and their lawyers are inherently risk averse and want nothing to do with anything new. If the built industry wants new and better insurance products YOU need to speak up!
Collaborative Construction
SEPTEMBER 25, 2010
Many of those challenges, even the insurance conundrums raised in this post, can be addressed through integrated agreement. Here, I want to highlight the need for a new generation of integrated insurance products designed to protect integrated team members. A new insurance product is needed. Currently integrated team members are insured under separate policies, and there are no insurance products available on the US market that fit the needs of an integrated team.
Construction Law Monitor
JULY 10, 2012
I was recently speaking with a client about the posture of a pending case and the client was surprised to know that nearly all of the insurance companies that were originally brought into the suit had whittled their way out due to policy limitations, lack of coverage and policy exclusions.
Construction Informer
FEBRUARY 22, 2013
Fewer insurance carriers are willing to extend endorsements to additional insureds on construction contracts, according to Marsh’s Annual US Insurance Market Report. ” Very often, insurers are negotiating [.]
Construction Business Owner
JUNE 8, 2017
Yet, even as equipment has become safer, highway fatalities are increasing at an alarming rate, and insurance companies have targeted distracted driving from cell phone use as a contributing factor
Construction Business Owner
FEBRUARY 18, 2016
Like many businesses, the insurance industry is cyclical in nature. The insurance cycle is important to business owners because it directly impacts insurance premiums.
Construction Dive
MARCH 26, 2018
Many of the uninsured are independent contractors who are not entitled to benefits including health coverage
Construction Equipment
DECEMBER 14, 2017
Arity, a spin off from Allstate Insurance, currently watches more than a million drivers for Allstate and online Esurance. Telematics data is collected from drivers who have agreed to let Arity monitor their driving habits in exchange for better rates.
Green Industry Professionals
JULY 14, 2016
Tips on how to make sure your business and its equipment have the proper insurance coverages, without paying unnecessarily high premiums or putting yourself at risk
Contractor Bookkeeping
NOVEMBER 9, 2018
Content Specialist At Custom Contractors Insurance. As a matter of fact, contractors probably face more risks compared to regular employees, and they will always need construction contractors insurance to protect themselves. Today's Guest Article Is From Rachel Porter.
Commercial Construction
MARCH 13, 2013
The big take away from all of these services is that the right commercial facility maintenance can serve as the best insurance policy and save you thousands in facility maintenance costs. Being a national commercial construction general contractor can be an immensely rewarding profession.
ENR Construction
AUGUST 9, 2017
When FEMA’s National Flood Insurance Program (NFIP) expires next month, the pressure will be on Congress to reauthorize the program, ideally by adopting long-delayed reforms
Construction Law Monitor
JANUARY 12, 2012
More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. Business Matters Damages Insurance
ENR Construction
JANUARY 14, 2015
Contractors and engineers that are using drones soon may be able to buy standardized insurance coverage from a greater number of insurers. Business Management
Construction Law Monitor
SEPTEMBER 4, 2011
Contractors who have equipment, property and unfinished work need to report any flood, wind or wind driven rain damage to your general liability insurer in a timely fashion so that you may collect reimbursement for damages sustained from this storm. Your insurer will assign a claims specialist to assess the damage and this person is who you will work with to obtain reimbursement. Remember to consult with an attorney or your insurance agent when reviewing the terms of your policy.
Construction Business Owner
NOVEMBER 21, 2014
Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware.
Construction Business Owner
MAY 15, 2018
In addition to lawsuits filed by private citizens, claims filed by federal, state and city regulators are causing more businesses to purchase Employment Practices Liability Insurance (EPLI
Buisness Facilities Contributed Content
DECEMBER 16, 2013
A Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) flood plain management report says current model building codes, such as the International Codes (I-Codes), have flood provisions that are consistent with NFIP requirements for buildings and structures.
Construction Business Owner
JULY 6, 2016
The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits
Constructor Magazine
JULY 13, 2017
Never can a stroke, cancer or a heart attack be anything but bad news. But hallelujah! Survive for five years and your life expectancy statistically is probably (wish “probably” was not necessary) the same as the general population of Americans
Collaborative Construction
JANUARY 24, 2010
Louis made a presentation titled "BIM Claims and Insurance Coverage: A Survey of Recent Developments" at the BIM Forum in Arizona. Welcome to the Collaborative Revolution! Gregg Bundschuh's with Ames & Gough out of St. Approximately 30 claims have arisen from BIM utilization to date according to the Ames Grough presentation. The claims fall into 6 categories and most related to delay and cost overruns. For more information visit the BIM Forum Blog and read the complete post.
Construction Dive
JULY 18, 2018
Recent announcements include autonomous drone thermal imaging from 3DR's Site Scan, industry-tailored cyber insurance from Willis Towers Watson and an automated supply chain tracking system from Command Alkon
Construction Business Owner
MARCH 25, 2015
With the start of a new year, the construction insurance market is showing signs of ambivalence from most insurers. Insurance underwriters will likely focus on keeping existing clients happy (through pricing flexibility, broad coverages and service commitments), while simultaneously trying to grow business.
Construction Informer
FEBRUARY 22, 2013
Fewer insurance carriers are willing to extend endorsements to additional insureds on construction contracts, according to Marsh’s Annual US Insurance Market Report. Finance General News Industry Managing construction insurance forecasts
ENR Construction
AUGUST 16, 2018
One attorney estimates the total settlements for death and injury could top $90 million
Best Practices Construction Law
JULY 29, 2015
There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co. Motorists Mutual Insurance Co. ,
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